Analysis: Brokers face PI exclusion dangers
Compliance consultants have highlighted the dangers for brokers of buying professional indemnity insurance with Covid-19 exclusions, warning that the Financial Conduct Authority can suspend permissions if firms do not get the right cover
In August 2020, Post reported on broker PI rates going through the roof, coronavirus exclusions being added by insurers and excesses being ramped up. The situation has not eased, one compliance expert
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